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Dhahran - Many Saudi Aramco employees have submitted their resignations because of reported changes in allowances and incentives, Al-Hayat Arabic daily reported on Saturday.
Some of the subscribers said they have accumulated as much as SR14,000 in outstanding dues and they want the Saudi Electricity Company (SEC) to collect the amount in installments, instead of forcing them pay up at once. Mahdi Al-Habbabi, one of the ...

The meeting aimed to enhance, develop and facilitate information exchange and promote communication with respect to the shopping center industry, in particular, and the Saudi retail sector, in general. It discussed new ways and frameworks to ... Jeddah ...
RIYADH: Pictures of young Saudi women models posing in front of the pavilion of a luxurious car company at a local show went viral on social media, prompting a punitive action from the Kingdom authorities.
Does Kazan return the glory to the Russian Switzerland? Tatarstan hosted a secret meeting of Saudi and Russian oilmen.
Riyadh, Saudi Arabia: A seven-fold hike in visa fees to do business in Saudi Arabia risks deterring the foreign investment needed to transform its oil-dependent economy, diplomats and other sources say.

Riyadh, Saudi Arabia - Two workers died in a fire at a crude oil facility near Riyadh, state oil company Saudi Aramco said Thursday, giving more details about the blaze which occurred a day earlier.
RIYADH - Mobile Telecommunication Company Saudi Arabia (Zain) reported revenues of SR1,634 million for the third quarter ending September 30, 2016, down by 7% compared with SR1,764 million in Q3, 2015.
Research Triangle Park, North Carolina, USA (19 October 2016) - Industry and workforce development officials in the Kingdom of Saudi Arabia (KSA) are celebrating the October opening of an ISA training center at the Jubail Industrial College in the ...
Saudi Arabia has raised more than $17 billion in its first foray into the global bond markets, according to news reports, as the kingdom struggles to close a budget deficit caused by declining oil prices.
oil companies must cut their carbon footprints to play a part in meeting the Paris Agreement on climate change, Saudi Arabia oil chief Khalid Al-Falih said on Wednesday.
Among the Subsidiaries and affiliate companies where Saudi Oger has invested are Sheraton Riyadh Hotel and Towers, where it owns the entire stake, 40 percent of Tihama power generation Company Limited, and 8.6 percent in Saudi investment bank.
Manama: A Saudi company has produced a 24-carat gold set weighing 33 kilogrammes worth six million Saudi Riyals (Dh5.88 million).
However, this last investment by the Japanese company was not met kindly by some of its stakeholders. Saudi Arabia has already started investing In tech start-ups even before this partnership with Softbank.
Details: This is not yet a done deal, but rather a memorandum of understanding between SoftBank and the Public investment fund of the Kingdom of Saudi Arabia (PIF). Under terms of the MOU, SoftBank will commit up to $25 billion over five years, while ...
Saudi Aramco plans to sell shares in its entire business, the company's CEO Amin Nasser said. When the IPO was originally announced, there was speculation that the kingdom might only seek to sell shares in the downstream operations of the world's ...
The new fund, dubbed the SoftBank Vision Fund, will be based in London and seeded with $25 billion from SoftBank and up to $45 billion from Saudi Arabia's sovereign wealth fund over the next five years, according to a statement from Masayoshi Son's ...

The company has had success in investing in companies rather than buying them outright. Its signature investment was its early backing of the Alibaba Group, well before that company became a colossus of Chinese e-commerce and internet businesses.
"The government is moving very fast at reforming things in Saudi Arabia, while the people are finding themselves left behind," said Lama Alsulaiman, a businesswoman and board member of the Jidda Chamber of Commerce and Industry. "Life as usual and ...
According to Reuters, the Egyptian General petroleum corporation (EGPC), Egypt's state oil company, has had to rapidly increase tenders in order to purchase more than USD 500 million of petroleum products.
State-owned petroleum and natural gas company Saudi Aramco, National shipping Company of Saudi Arabia (Bahri), UAE rig builder Lamprell and South Korea's Hyundai Heavy Industries (HHI) signed a joint development agreement in June to assess the ...
Saudi Arabian energy minister out on Reuters 11 Oct. spare capacity needed for emergencies; oil market rebalancing is indeed underway; many countries outside OPEC are willing to contribute to balance the oil market.
In an 2014 email to her campaign chief John Podesta, Clinton claimed that Saudi Arabia and Qatar are funding ISIS, recommending that the U.S.
'The humanitarian situation in Yemen is dire and getting even worse. innocent people are dying every day. The UK government's response has been to continue supporting the Saudi forces that are dropping the bombs, and to sell them even more weapons'.
Photo caption: Trade minister Hiroshige Seko greets economic policymakers from the Saudi Arabian government after their meeting in Riyadh on Sunday.
Saudi Arabia's Almarai, the gulf's largest dairy company, reported a 10 per cent rise in third-quarter net profit on Sunday, broadly meeting analysts' forecasts with the help of cost controls it said would remain a priority.
electricity - Lines tenders at the end of October, transformers on 17 October, says Abdel Rahim.
Saudi Aramco plans to sell shares in its entire business, not just its refining and distribution arms, it has been reported.
Saudi Arabia's Almarai, the gulf's largest dairy company, reported a 10 percent rise in third-quarter net profit on Sunday, broadly meeting analysts' forecasts with the help of cost controls it said would remain a priority.
Since Sunday, October 2, hundreds of Saudis have been participating in a boycott against the country's biggest operator, Saudi Telecom Company (STC), which just hiked its prices. Angry subscribers have been taking to social media using the hashtag (in ...
The Coca-Cola plant in Sudair City for Industry and Business will play a key role in supporting the operations of Coca-Cola in the Kingdom of Saudi Arabia, enabling additional production and capacity. (File photo: ... Samer M. Al Khawashki, President ...
BAE Systems has disclosed it is in talks to secure a multi-billion pound arms contract with Saudi Arabia, despite alleged war crimes by the Middle Eastern kingdom using British-made weapons in war-torn Yemen.
The worst performers of the session were Mobile Telecommunications Company (SE:7030), which fell 3.87% or 0.30 points to trade at 7.45 at the close.
Algonquin College has handed over operation of its money-losing campus in Saudi Arabia to a British company. Interserve Learning and employment will now have the task of trying to make the technical college in a rural area of southwest Saudi Arabia ...
Saudi Aramco, the world's biggest oil company, is planning to sell shares in its entire business and give investors unprecedented access to its financials ahead of its $2 trillion stock exchange listing.
Hong Kong/Singapore - McDonald's Corp is nearing a deal to sell 20-year franchise rights for its Singapore and Malaysia outlets to Saudi Arabia's Reza group, in a transaction estimated at up to $400 million, people familiar with the matter said.
In June 2016 the National Transformation Program 2020 ("NTP") was launched by the Saudi government as part of the implementation of the Saudi Vision 2030 with the aim of meeting interim targets by 2020 through various strategic initiatives across 24 ...
Reza Food Services, which owns and operates McDonald's restaurants in the western and southern region of Saudi Arabia, has tapped Malaysian bank CIMB to finance the deal, said two of the sources, who declined to be identified as the deal has not been ...
The Saudi Railway Company (SAR) has conducted the first trial rail journey on the newly constructed high-speed line between Riyadh and the city of Majmaah, which covers a distance of approximately 200km and is the final link in the north-south line ...
A labour court in Saudi Arabia on Tuesday said they it would issue an arrest warrant for the owner of building firm United Seemac if he does not pay staff owed wages for up to two years work, workers told MEE.
Saudi Arabia-based Arab Petroleum Investments Corp (APICORP) has arranged a three-year $100 million murabaha financing facility for Egyptian General petroleum corporation (EGPC), the development bank said on Wednesday. EGPC will use the funds to ...
Saudi Electricity Co said on Wednesday that in partnership with national oil giant Saudi Aramco, it had awarded a contract to French utility company Engie to build a 1,504 megawatt power plant. The Fadhili power plant will be built at a cost .... Saudi ...
On the heels of signing several high-profile contracts with Glover Park Group and Squire Patton Boggs in September, Saudi Arabia has continued its lobbying push on Capitol Hill, hiring law firm King & Spalding as well as public affairs powerhouse ...
Italian giant Eni has entered the Saudi Arabian lubricants market following a strategic partnership with Saudi-based Advanced International Lubricants Company (Adinlube) for the blending, distribution, sales and marketing of Eni lubricants in the kingdom.
As sanctions ease on Iran, it hopes to expand its petrochemical exports, putting it in direct competition with Saudi Arabia over emerging markets.
That's quite a change from last April when Saudi Arabia would not budge because Iran stuck to its guns to reach 4 million barrels per day.
Lebanese political elite Former Lebanese prime minister Saad Hariri (second from R) attends a gathering to mark the 11th anniversary of the assassination of ...
RIYADH - Saudi Arabia's government has transferred delayed funds to construction giant Saudi Binladin Group so it can pay back-wages to its remaining employees, the company said on Monday. The firm "received some payment in the last couple of ...
Shares in Saudi Telecom Co (STC), the kingdom's largest telecommunications operator, tumbled as much as 8.5 percent on Monday as investors feared it could lose market share because of government plans to foster more competition.
Kingdom Holding Company said it sold the hotel for 225 million Canadian dollars (152 million euros) to Shahid Khan, the Pakistani-American businessman who founded auto parts maker Flex-N-Gate and owns English Premier League club Fulham.


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